Afters Monday´s sell off it the red area (50-76.4% retracement) is on my focus. At the moment we have seen a first shy pull to the upside. This move has not yet a 3-wave structure therefore we could correct a little bit but then see a deeper pull into the red area in form of a C-wave. After a clear 3-wave corrective move up ABC into the red area the index would look interesting for a short swing opportunity. Stay tuned for more
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.